Franco-Nevada Corp
TSX:FNV

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Franco-Nevada Corp Logo
Franco-Nevada Corp
TSX:FNV
Watchlist
Price: 222.68 CAD 0.29% Market Closed
Market Cap: 42.9B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FNV stock under the Base Case scenario is 94.58 CAD. Compared to the current market price of 222.68 CAD, Franco-Nevada Corp is Overvalued by 58%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FNV Relative Value
Base Case
94.58 CAD
Overvaluation 58%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

25.1
P/S
P/S
Price to Sales
25.1
vs History
15
vs Industry
27
Median 3Y
20.8
Median 5Y
21.7
Industry
1.8
Forward
21.8
More Details
49.8
P/E
P/E
Price to Earnings
49.8
vs History
22
vs Industry
4
Median 3Y
36.3
Median 5Y
40.2
Industry
15.9
Forward
38.3
More Details
32.7
P/OCF
P/OCF
Price to OCF
32.7
vs History
17
vs Industry
6
Median 3Y
27.4
Median 5Y
28.1
Industry
9.5
More Details
182.3
P/FCFE
P/FCFE
Price to FCFE
182.3
vs History
11
vs Industry
4
Median 3Y
49.4
Median 5Y
56.2
Industry
15.8
More Details
4.9
P/B
P/B
Price to Book Value
4.9
vs History
15
vs Industry
13
Median 3Y
4.1
Median 5Y
4.3
Industry
1.6
More Details
24.2
EV/S
EV/S
Enterprise Value to Sales
24.2
vs History
15
vs Industry
26
Median 3Y
19.7
Median 5Y
20.8
Industry
2.2
Forward
21
More Details
34.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
34.6
vs History
28
vs Industry
8
Median 3Y
31.1
Median 5Y
32.7
Industry
7.1
More Details
28.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
28.4
vs History
17
vs Industry
6
Median 3Y
23.9
Median 5Y
25.1
Industry
10.1
Forward
24.5
More Details
36.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
36.6
vs History
25
vs Industry
5
Median 3Y
32.4
Median 5Y
34.4
Industry
12.9
Forward
30.3
More Details
31.5
EV/OCF
EV/OCF
Enterprise Value to OCF
31.5
vs History
17
vs Industry
7
Median 3Y
25.6
Median 5Y
27.3
Industry
10.8
More Details
173.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
173.6
vs History
6
vs Industry
3
Median 3Y
46
Median 5Y
50.4
Industry
13.8
More Details
5.4
EV/IC
EV/IC
Enterprise Value to IC
5.4
vs History
6
vs Industry
13
Median 3Y
4.7
Median 5Y
4.7
Industry
1.4
More Details

Multiples Across Competitors

FNV Competitors Multiples
Franco-Nevada Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Franco-Nevada Corp
TSX:FNV
42.9B CAD 25.1 49.8 28.4 36.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 841.7 36 853.7 20 331.1 23 331.3
ZA
Gold Fields Ltd
JSE:GFI
328.7B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
160B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
463B CNY 1.5 12.9 11 11
US
Newmont Corporation
NYSE:NEM
57B USD 2.9 11.3 6.4 8.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
74.8B CAD 6 22.7 10 14.2
CA
Wheaton Precious Metals Corp
TSX:WPM
49.8B CAD 24.5 57.7 34.1 46
CA
Barrick Gold Corp
TSX:ABX
42.9B CAD 2.3 13.2 4.7 6.4
RU
Polyus PAO
MOEX:PLZL
2.3T RUB 3.3 7.6 5.9 6.5
ZA
DRDGOLD Ltd
JSE:DRD
21.7B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average P/S: 1 488.4
25.1
7%
3.6
RU
P
Polyus PJSC
LSE:PLZL
11 841.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
13%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
9%
0.2
US
Newmont Corporation
NYSE:NEM
2.9
0%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
6
7%
0.9
CA
Wheaton Precious Metals Corp
TSX:WPM
24.5
15%
1.6
CA
Barrick Gold Corp
TSX:ABX
2.3
10%
0.2
RU
Polyus PAO
MOEX:PLZL
3.3
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
12%
N/A
P/E Multiple
Earnings Growth PEG
CA
Franco-Nevada Corp
TSX:FNV
Average P/E: 4 628.6
49.8
21%
2.4
RU
P
Polyus PJSC
LSE:PLZL
36 853.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.9
17%
0.8
US
Newmont Corporation
NYSE:NEM
11.3
13%
0.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
22.7
9%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
57.7
20%
2.9
CA
Barrick Gold Corp
TSX:ABX
13.2
15%
0.9
RU
Polyus PAO
MOEX:PLZL
7.6
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
29%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBITDA: 2 553.9
28.4
15%
1.9
RU
P
Polyus PJSC
LSE:PLZL
20 331.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
26%
0.4
US
Newmont Corporation
NYSE:NEM
6.4
4%
1.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
10
4%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
34.1
14%
2.4
CA
Barrick Gold Corp
TSX:ABX
4.7
11%
0.4
RU
Polyus PAO
MOEX:PLZL
5.9
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
34%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBIT: 2 932.6
36.6
13%
2.8
RU
P
Polyus PJSC
LSE:PLZL
23 331.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
19%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
18%
0.6
US
Newmont Corporation
NYSE:NEM
8.7
5%
1.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
14.2
10%
1.4
CA
Wheaton Precious Metals Corp
TSX:WPM
46
16%
2.9
CA
Barrick Gold Corp
TSX:ABX
6.4
14%
0.5
RU
Polyus PAO
MOEX:PLZL
6.5
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
38%
N/A

See Also

Summary
FNV intrinsic value, competitors valuation, and company profile.
DCF Valuation
FNV stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FNV stock valuation using valuation multiples.
Wall Street Estimates
FNV price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FNV stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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